3ho Foundation International

Analysis

3ho Foundation International is a registered charity in United States, based in Santa Cruz, NM. It received its IRS tax-exemption ruling in June 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, 3ho Foundation International reported income of $543k and spending of $1.2m, spending 219% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.3m to $543k (-76%), an average of -38% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 134% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 3ho Foundation International sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NM. Charities of a similar size with the same main cause include Campus Life Inc of Sheboygan County ($543k), Radian Placematters Inc ($543k) and The Shelter ($543k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $203k (17% of expenses). Other salaries and wages came to $588k. At year end it held assets of $125k against liabilities of $0, net assets of $125k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.